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Bitcoin Is Trading At The Support As Stocks PullsbackHey traders I this video I will take look at NVIDIA which I think it can be moving into a correction and can possibly be headed down for deeper prices. So if today major stocks indicies will have second red day in a row, then possibly next week there can be more risk-off. In such case I think its better to wait on any long ideas on cryptos (short-term), and wait on much better timing for potential long entires, which can be maybe after summer, or during elections when normal markets tend to be in bull run. Additionally, any rate cut later this year can be alos supportive for stocks and other assets. When I look at bitcoin, I think that 50k is very good potential support; if it gets there. Have a nice weekend. Grega
BITSTAMP:BTCUSD
by ew-forecast
BTC returns to mean/pivot@19500;Bollinger squeezing for big MoveBTC keeps returning to the pivot line at 19500 which also acts as a support. It is also barely holding the base of the triangle as support. Bollinger Band is squeezing for a big move soon. As for now, the Head & Shoulder pattern neckline is still not yet broken, suggesting much lower prices if the neckline breaks. We just have to wait which way it breaks. If current double support holds, we may be seeing 22k next. If SPY continuous to break below the June low this week after major economic data on Thursday, there is a big chance BTC support will also fail. Then the17k to 16K zone is the next support. Not trading advice.
COINBASE:BTCUSD
by xtremerider8
$PAGS: to make you BAGS?Today we are witnessing a sharp turn around in Emerging Markets $EEM after the Jackson Hole meeting. $IWM a strong indicator of risk tolerance has seen a sharp move back up into it's middle pivot. Could the continued low rate environment and strong economy be enough to continue the rush into risk-on assets? Keep a close eye on $EWZ though (Brazil ETF in which PAGS is located) to pin point entries. On the technical side of things, keep an eye on entries in between the two trend lines in which the current candle stick is located between and stops outside of the bottom two trendlines. I'd look to scale in over the next couple of weeks and see how strong the dips in $IWM, $HYG and $EEM are to see how much continuation is possible to the upside. Good luck traders!
NYSE:PAGSLong
by Fox_Technicals
CADJPY on the verge of break a bullish channelI am positioning to buy CADJPY because of > Potential bullishness in Oil price which is a plus for CAD > Global improvement in containing COVID-19 which implies more economies will be opened and investors will start to dump safe haven like JPY. I am not ruling out the weak legdown due to Hongkong Riots and Minneapolis Riots which will likely worry investors and improve price of safe havens (JPY and Gold). I think they will be for a short time and will provide opportunity to buy at the bottom.
Long
by bluepipsforexsignals
ORBEX: EURUSD, USDJPY - The Risks Of A US-EU TradewarIn today's #marketinsights video recording I analyse #EURUSD and #USDJPY #EURUSD weak on: - US-EU potential trade conflict (airbus illegal state aid - WTO depended) - ECB's Germans board member resignation Medium-term #Euro led flows will hang on Lagarde's policy. A potential transition to fiscal tools will be euro positive #USDJPY strong on: - Dovish Evans turned neutral - Positive home sales - No GDP revision - No safe-haven flows - Dollar seen as risk positive Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
USDCHF LONG TRADELooking at recent structure, we can see the price are creating a new LH which align with previous based as well as 50% fibs level. therefor give us a chance to go short. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. join my free telegram channel to see more about my service at LCFXpro Trading Floor. LINK IN BIO!! _____________________________________________________________________________________ Thank you for your support! LamchiuFX
Long
by LCFXpro
18
COTD - 12/04 XAUUSD Revisiting our Chart of the Day from Tuesday, where we took a look at the safe haven asset of Gold. On Tuesday we were seeing Gold catching a bid and trading higher on the back of a softer dollar and investors cycling out of riskier assets and aligning themselves with the risk-off assets. We discussed the longer-term setup of the head & shoulders pattern forming and also the declining trendline that has been capping the asset and causing the lower highs. As we look at it now, the U.S. dollar was on the front foot yesterday and as investors cycle back out of safe-haven assets we can see that Gold meets the declining trend line and fails just as it touches it, we have some support today on the weekly pivot level, but for the time being the original two ideas are still in play as we are yet to see a break of the neckline on the head & shoulders formation or a convincing push above the trendline. OANDA:XAUUSD
OANDA:XAUUSD
by Alex_GoMarkets
Leg D completed on the Weekly... expecting bears to come in hereThose who have been following our commentary on Gold will have known 1180-1220 was our initial entry for longs when the position was anti-consensus. Once it started working we released the idea of longs towards 1345 and finally we are here after 14 weeks. Expecting a large retrace here as bulls unwind their positions and book profits, we have an opportunity to ride this retrace leg to the downside. Inflation is starting to edge down, the only card we need to be aware of is risk. For those tracking the macro side, via inflation 1225 is the only level in play for bears on this final leg E. There is plenty of room below current levels and we see great value in shorts here. Best of luck to those trading live, please remember to like and comment and keep the support coming. Thanks
FOREXCOM:XAUUSDShort
by ridethepig
USDJPY: Don't Sell...YetThe Yen continues to underperform all major pairs, including the Dollar. Yen weakness rather than Dollar strength is currently responsible for the gains that the Dollar has made, retracing some 700 pips off of the March lows. and, more recently, 230 pips off the August low. Technically we're looking at a potential alternative cypher pattern, though I make almost no trade decisions off of harmonic patterns. Currently the USDJPY -0.06% is up against resistance at the 112.00 handle, which is also the 68.1% fib retracement off the July 19th high. I've been on a short bias since I first posted about the pair after getting a short entry signal using my trading methodology, which you can read here. After briefly penetrating my entry zone, the Dollar rallied but has yet to invalidate the trade setup. I'll be watching the next week or so, monitoring what appears to be increasing Dollar weakness. My prediction is that we'll see a low-conviction rally up towards the supply zone (red rectangle ) with little to no momentum. If risk-off returns and investors begin purchasing the YEN than we'll likely see a USDJPY -0.06% sell-off. For now I'm holding.
by thetradeWELL
LONG USDJPY - FED & BOJ MONPOL, RISK SENTIMENT & ELECTIONLONG USDJPY: 1. Slightly late posting this position but we got long at 104.5 earlier today. The rationale behind owning USD VS JPY is as follows. USD risks are bid 1) in the run up to the 2015 dec hike USD traded extremely bid with DXY breaking through 100, based on the last 2wks i expect USD to mirror 2015 and continue the bid tone we have seen both in 2015 and now. That said in the past few wks usdjpy has traded relatively mutely compared to the market thus imo has more alpha than other crosses and as another few 100pips before we can consider usdjpy stretched. 2) the usdjpy has a Dec hike to look forward to. Whilst i expect USDJPY to be faded as we saw following the last hike, i think these next 2 months we will trade to 109/11 as rate hike hopes push the pair into firmer resistance. 3) USD election risk is likely going to fade with the neutral choice of Hilary winning. Thus any Trump uncertainty weighing on the USD will be washed out which could be worth 50pips at least. JPY risks are to the soft side 1) BOJ monpol risks remain skewed somewhat to the dovish side since whilst inflation continues to trade firmly and consistently below 0 the BOJ are DEFINITELY unable to raise rates and are unlikely to consider tapering (the ECB has firm 0.4% inflation and even they may not consider a taper). Thus the risks are certainly to adding to easing, with the most hawkish outcome being neutrality. 2) JPY like the rest of the safe havens remain bid up some 20% in 2016 alone thus a correction lower some 5% isnt extreme and infact is fairly justified (thus a 111 target is arguably on the cards). This is especially true assuming the next big risk event (election) passes with the most neutral and odds on favourite candidate winning (hilary). Thus any risk premium priced into yen for this purpose will be faded and encourage the 5% correction i mention above. 3. JPY volatility remains at the lows of the yearly range thus a topside correction encouraged into election and FOMC events will possibly see yen trade with a softer bias. Risks to the view: 1. If Trump pulls off the tail end probability then USDJPY long imo will be invalid given i expect the USD to trade softer and yen to rally. I would expect USDJPY to trade to 100 in the event of Trump winning.
Long
by QuantumLogicTrading
1
LONG GOLD - STRAT TRADE: 99.7% PROBABILITY OF REVERSALLong XAUUSD: 1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) XAUUSD has a cumulative probability of a =>7th day lower at 0.3%, hence there is a implied 99.7% chance of reversal on the daily. 2. Technically there is also some nice structure about the 1250 level. 3. Fundamentally I think risk is priced very cheaply here, although risk-off assets on the year are still heavily bid up some 20% even at these levels thus a pull back may be justified - nonetheless for this particular strat trade this is less relevant given the tactical nature Trading Strategy: 1. Sell XAUUSD at market in 1xlot, and add 2x on each daily close higher from here. Start in VERY small lots to reduce risk and ensure you can add on adverse moves lower (it could be several days). TP is the next/ First daily close higher. Any questions please ask - also see performance attached of recent trades using the same stats
FX:XAUUSDLong
by QuantumLogicTrading
4
LONG GOLD - STRAT TRADE: 99.7% PROBABILITY OF REVERSALLong XAUUSD: 1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) XAUUSD has a cumulative probability of a =>7th day lower at 0.3%, hence there is a implied 99.7% chance of reversal on the daily. 2. Technically there is also some nice structure about the 1250 level. 3. Fundamentally I think risk is priced very cheaply here, although risk-off assets on the year are still heavily bid up some 20% even at these levels thus a pull back may be justified - nonetheless for this particular strat trade this is less relevant given the tactical nature Trading Strategy: 1. Sell XAUUSD at market in 1xlot, and add 2x on each daily close higher from here. Start in VERY small lots to reduce risk and ensure you can add on adverse moves lower (it could be several days). TP is the next/ First daily close higher. Any questions please ask - also see performance attached of recent trades using the same stats
FX:XAUUSDLong
by QuantumLogicTrading
5